Theories of wages:
There are numerous theories of wages. Some of the early theories of wages are:
1. The subsistence theory of wages; 2. The standard of living theory; 3. The wages fund theory; 4. The residual claimant theoryThe significant recent theories of wages are:
1. The Marginal productivity theory of wages;2. The Market theory of wages and3. The Bargaining theory of wages.
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GAAP consider to accounting policies and procedures that are extensively used in practice. Not like India in which accounting has its basis in law, US GAAP has included to be a collection of pronouncements issued through a specific accounting organization.
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Profit Sharing and Labour Co-partnership - Workers share in profit might be dealt along with distributed in cash to the workers, credited to the worker's provident fund and pension fund other option is to make a part payment in cash and to credit a part to the provident fund account.
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financial gearing takes place while a business is financed, at least in part, through borrowing instead of through finance given through the owners (the shareholders) as equity.
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